Country: East Asia Page 212 / 236
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- April 15 2016
Shanghai is home to 55 insurance headquarters
The city plans to build the industry further towards its goal of becoming an international centre for the sector by 2020.
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- April 15 2016
China’s Sunshine Life launches US$1.5bn bond offer
The sale ends the recent drought among Chinese companies tapping the offshore bond market.
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- April 15 2016
Future Land bids US$1bn for Dah Sing Life
The bid is part of a plan to sell Hong Kong insurance products to homebuyers in China.
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- April 14 2016
Aioi Nissay Dowa teams up with Toyota for US auto cover
The non-life arm of MS&AD is teaming up with Toyota Motor to enter the auto insurance market in the US.
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- April 14 2016
Sompo nears US$200m bancassurance deal with CIMB
The 10-year deal will allow the company to distribute general insurance products through CIMB's branches across Asia.
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- April 13 2016
Taiwanese financial firms hit by falling insurance earnings
The sluggish performance of insurance companies is taking a toll on the nation's top financial groups.
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- April 13 2016
Insurance complaints up 7% in Hong Kong in 2015
The city's insurance industry self-regulator says the number of new complaints last year increased to 647 cases.
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- April 13 2016
Korean insurers post worst returns in more than a decade
Investment income ratio dropped to an average of 4% last year, the lowest return on invested capital since 1991.
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- April 12 2016
More Korean insurers to go up for sale this year
The low price paid by Anbang for Allianz Life Insurance Korea highlights the troubles facing the industry.
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- April 11 2016
Aioi Nissay Dowa to move away from JGBs
The non-life arm of MS&AD said it will instead look for positive yields in corporate debt.
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- April 11 2016
One Belt One Road spurs marine insurance demand
Zurich has predicted a rise in demand after the initiative raises the number of overseas projects.
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- April 11 2016
China mulls national network for health settlement
The reform will allow Chinese citizens to reimburse their medical expenses around the country, according to a report.
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- April 11 2016
China imposes 6% VAT on insurance services
Sales tax will apply from May 1 this year, according to a circular jointly issued by the finance ministry and tax office.
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- April 8 2016
China’s first insurance exchange to launch in June
The exchange is part of Shanghai's goal of becoming an international insurance centre by 2020.
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- April 8 2016
Korea’s life policy cancellation rates hit record high
Policyholders cancelled contracts worth W18.5 trillion during 2015, according to a survey by industry group KLIA.
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- April 7 2016
Zhong An posts US$30m net profit in 2015
China's first and only internet insurance licence holder saw premiums grow 200% to US$339m last year.
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- April 7 2016
Anbang buys Allianz’s Korea life unit for US$216 million
The deal comes barely a week after Anbang abandoned a US$14 billion bid for Starwood Hotels & Resorts.
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- April 6 2016
Anbang raises shareholdings in Chinese banks
It is now a top-10 shareholder in ICBC, Bank of China, AgBank and CCB after buying stakes at the end of last year.
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- April 6 2016
Japanese government to cover Asian state projects
It will fully cover projects sponsored by regional governments against unrecoverable costs caused by wars or natural disasters.
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- April 6 2016
Pacific Life Re to open branch in Korea
The Financial Services Commission has approved the US-based reinsurer's application to do business in the country.
